What will be the expected basic pay of bankers’ after 11th Bipartite Settlement ? Based on the charter of demands submitted by the Banker’s Union with initial hike on salary offered by IBA i.e. 10% as load factor, the revised basic pay of Bankers is calculated.
This calculator is designed with open fields where load factor can be provided as and when IBA revises their offer. Users need to provide the Basic pay and Load factor.
- The DA as on 31-10-2017 on the exiting basic pay will be at 47.80%. The whole D.A. at 47.80% will be merged with the existing basic pay.
- Since the entire D.A. outstanding as on 31.10.2017 is merged with the existing Basic Pay, the new D.A. as on 01.11.2017 will be ‘Nil’.
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